how much does gas cost this Tuesday November 19, 2024?

The EEX PEG Futurs Gaz quotation is a key market for gas trading in Europe. It allows market participants to manage risks and plan their energy needs based on fluctuations in gas prices. EEX, or European Energy Exchange, provides a platform where participants can trade future contracts for natural gas, focusing specifically on the Point d’Échange de Gaz (PEG) in France.

What is PEG?

The PEG is a virtual system of points where gas trading takes place in France. It allows gas sellers and buyers to find a market balance thanks to a secure and regulated exchange network. To simplify, the PEG is essential for determining gas prices in the short, medium and long term.

Futures Contracts : M+1, Q+1, Y+1

Future gas contracts are classified mainly into three categories:

1. M+1: Monthly Contracts – These contracts allow buyers and sellers to set prices for the following month. Ideal for meeting seasonal or short-term needs.
2. Q+1: Quarterly Contracts – Set the price of gas for the following quarter. They are often used for quarterly planning and to cushion the impact of monthly fluctuations.
3. Y+1: Annual Contracts – They cover gas needs for the following year. Favored for long-term supplies, they allow large companies to ensure cost stability.

PEG price as of 11/18/2024

M+1 contracts (Monthly)

• Prix : 46.583 €/MWh
• Evolution : No change compared to the day before. Over the last 30 days, fluctuations ranged between €39,092/MWh and €46,583/MWh.

Q+1 Contracts (Quarterly)

• Prix : 46,356 €/MWh for the 1st quarter of 2025
• Evolution : Stability compared to the day before. Over the last three months, the price has fluctuated between €35,283/MWh and €46,356/MWh.

Y+1 contracts (Annual)

• Prix : 43,812 €/MWh for the year 2025
• Evolution : No change compared to the day before. Over the last twelve months, the price has varied from €26,616/MWh to €43,812/MWh.

Market Analysis

Current data shows relative stability in the EEX PEG futures market. This short-term stability could encourage businesses to fix their energy costs to protect against potential rate increases. However, the volatility observed over longer periods highlights the importance of a well-thought-out hedging strategy.

By taking a planned approach, businesses can take advantage of this predictability to effectively manage their energy budgets and align based on market dynamics, leveraging this valuable information to minimize economic uncertainty.